Filings monitor · CTSH

What COGNIZANT TECHNOLOGY SOLUTIONS CORP's SEC filings said

10-Q for 2026Q3, filed 29 Oct 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Income Tax Rate Changes57 · importance in its document · 8-K exhibit · 29 Oct 2026
   Q3 income tax provision was $237 million, compared with $613 million in Q3 2025, when the company recorded a one-time $390 million non-cash tax expense. The prior-year charge followed the conclusion that a $390 million deferred tax asset…
2. Guidance / Outlook53 · importance in its document · 8-K exhibit · 29 Oct 2026
   For full-year 2026, Cognizant expects revenue of $22.05 billion to $22.14 billion, representing 4.5% to 4.9% reported growth and 4.0% to 4.4% constant-currency growth. Adjusted operating margin is expected to be approximately 16.1%, or 30…
3. Restructuring Charges52 · importance in its document · 10-Q · 2026Q3
   Cognizant incurred $51 million of Project Leap employee separation and other costs in Q3 2026 and $135 million cumulatively since the program began. The company revised expected total program costs to $180 million–$250 million, including…
4. Strategic Initiatives52 · importance in its document · 10-Q · 2026Q3
   In the second quarter of 2026, Cognizant initiated Project Leap to fund investments in integrated offerings, AI capabilities and partnerships, reshape productivity, and optimize its technology footprint. The company incurred $135 million…
5. U.S. Tax Law Changes49 · importance in its document · 10-Q · 2026Q3
   The U.S. One Big Beautiful Bill Act (OBBBA) was enacted in July 2025 and repealed the requirement to capitalize U.S. research and experimental costs. Cognizant concluded it was not more likely than not to realize a $390 million deferred…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 29 Oct 2026

Full report · Filing on EDGAR

• Restructuring ChargesImportance 52
  Cognizant incurred $51 million of Project Leap employee separation and other costs in Q3 2026 and $135 million cumulatively since the program began. The company revised expected total program costs to $180 million–$250…
• Strategic InitiativesImportance 52
  In the second quarter of 2026, Cognizant initiated Project Leap to fund investments in integrated offerings, AI capabilities and partnerships, reshape productivity, and optimize its technology footprint. The company…
• U.S. Tax Law ChangesImportance 49
  The U.S. One Big Beautiful Bill Act (OBBBA) was enacted in July 2025 and repealed the requirement to capitalize U.S. research and experimental costs. Cognizant concluded it was not more likely than not to realize a…
• Share Repurchase ProgramImportance 44
  During 2026, Cognizant repurchased $1.838 billion of Class A common stock under its stock repurchase program. The repurchases consisted of $1.338 billion in open-market purchases and $500 million through accelerated…
• Income Tax Rate ChangesImportance 42
  The effective tax rate declined year over year in Q3 2026 because Q3 2025 included a one-time, non-cash $390 million tax expense related to the OBBBA. That 2025 charge reduced Q3 2025 GAAP diluted EPS by $0.80 and was…
• Revenue Performance and MixImportance 37 · +2 more on this subject
  Q3 2026 revenue was $5.664 billion, up $249 million, or 4.6% year over year and 4.8% in constant currency. Recently completed acquisitions contributed 210 basis points of year-over-year growth, and third-party product…
• AI Investment OutlookImportance 34
  Cognizant says clients are focused on transformation into AI-ready, technology-driven and data-enabled businesses and may increasingly seek services that deliver productivity and cost savings. The company increasingly…
• India-Mauritius Tax TreatyImportance 34
  India and Mauritius signed a protocol amending the India-Mauritius Income Tax Treaty in March 2024. The amendment entered into force in August 2026 and was announced by the Indian government in October 2026. Cognizant…
• India Labor Law ChangesImportance 32
  India’s labor law reforms, including the Code on Social Security, 2020, took effect on November 21, 2025. The government published The Social Security Rules in May 2026 and notified the Employees Provident Fund Scheme…
• FX / Currency ImpactImportance 31
  Indian rupee-denominated costs represented approximately 22% of Cognizant’s global operating costs in the third quarter of 2026, exposing results to exchange-rate movements. Net of designated cash-flow hedges, rupee…
• Operating Margin DriversImportance 29
  Q3 2026 GAAP operating margin fell 60 basis points year over year to 15.4%, while adjusted operating margin increased 30 basis points to 16.3%. Project Leap savings, net of AI capability investments, and favorable…
• Operating Expense TrendsImportance 24
  Q3 2026 cost of revenues increased $170 million year over year, and its share of revenue rose 0.1 percentage point to 66.2%, primarily from third-party product sales and higher compensation costs, partly offset by…

8-K filings last 12 months

• Results, no stated guidance change29 Oct 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Income Tax Rate Changes · Guidance / Outlook · Strategic Cost Reduction
• New debt6 Oct 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)29 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt21 May 2026 · 8-K Item 2.03 · Routine · rule score 25
• Results (release not read)29 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)26 Feb 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)4 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.